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Global Market Wrap-Up

Mark Hanna is a private investor and financial commentator, best known as “TraderMark” on Seeking Alpha. He holds an economics degree from the University of Michigan and operates his own website called Fund My Mutual Fund. Considering him a kindred philosophical spirit, Euro Pacific Capital has commissioned Mark to provide daily updates on global markets.
It was another quiet session for U.S. stocks as volume of late has been similar to holiday trading in late December. The S&P 500 fell 0.1% while the NASDAQ added 0.3% as news of a new Apple iPhone helped push up that stock, which is a major weight in the index. Ten year...
U.S. markets finished off one of their rare down weeks in 2013, in fact the worst since June with a loss of 0.36% in the S&P 500 and 0.25% in the NASDAQ. Volume was again light but the action intraday was again very volatile. For the week the S&P 500 fell 1.1% and the...
U.S. markets had a whipsaw session as they originally spiked at the open due to some encouraging Chinese economic news, then sold off to lose all those gains, before rallying in the afternoon to finish back in the green. At the close both the S&P 500 and NASDAQ gained 0.4...
U.S. markets continued to sell off versus last week's highs with the S&P 500 down 0.4% and NASDAQ 0.3%. Most of the news flow continues to circle about comments from this Fed official or that Fed official as the obsession with Fed commentary in the market continues. Ten...
U.S. markets were thrown a curveball of sorts as many expected a quiet week of holiday type trading with a gentle lift to the indexes. However Tuesday saw some moderate selling fell 0.6% and the NASDAQ 0.7%. The 10 year yield rose to 2.65%. While difficult to identify the...
Monday was a quiet session for U.S. stocks as the one major economic report of the day failed to move markets and volume was extremely light. Comments from Fed Dallas president Fisher regarding a drawdown of quantitative easing were the main driver of volatility for the day but...
A disappointing employment report was not enough to slow down bulls as they took the weaker data to mean a longer period of central bank easing. Stocks initially sold off at the open of the day but buyers came in later in the day to push the major indexes into the positive...
U.S. stocks broke out Thursday from a 3 week consolidation phase as better global purchasing managers data - especially in Europe - helped lift spirits. While the data was not great on its face, Wall Street usually prices versus expectation and with low expectations, the data...

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